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Business

Westlake, Lyondell Idle Ethylene Plants

by Michael McCoy
December 22, 2008 | APPEARED IN VOLUME 86, ISSUE 51

Westlake Chemical is temporarily idling an ethylene plant in Lake Charles, La., that represents about half of its 2.5 billion lb per year of ethylene capacity. The company acknowledges that lower production, poor demand, and inventory write-downs will have a "materially negative impact" on its 2008 financial results. LyondellBasell Industries, meanwhile, is idling its Chocolate Bayou, Texas, olefins unit, which has 1.2 billion lb of ethylene capacity. The firm earlier idled its 1.7 billion-lb ethylene cracker in La Porte, Texas.

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